The Nigeria Customs Service (NCS) has implemented a 4 per cent charge on the Free On-Board (FOB) value of imports in accordance with the Nigeria Customs Service Act (NCSA) 2023.
NCS Spokesman Abdullahi Maiwada announced the development in a statement on Wednesday in Abuja, explaining that the charge applies to the total value of imported goods, including the cost and transportation expenses up to the port of loading.
He emphasised that the levy is designed to improve customs operations and ensure efficient revenue management.
Stakeholder Concerns and Government Consultation
Maiwada also acknowledged concerns over the continued collection of the 1 per cent Comprehensive Import Supervision Scheme (CISS) fee, which funds Nigeria’s Destination Inspection Scheme alongside the new 4 per cent FOB charge.
“As a responsive government agency, the NCS assures the public that extensive consultations are ongoing with the Federal Ministry of Finance to address stakeholders’ concerns,” he stated.
He urged importers and industry players to comply with the directive, highlighting that it was introduced after thorough discussions with relevant organisations and regulatory bodies.
Commitment to Transparency and Efficiency
Maiwada praised stakeholders for their role in shaping the NCSA 2023, noting that their contributions have helped establish a legal framework that enhances efficiency, transparency, and innovation in customs operations.
Under the leadership of Comptroller-General Adewale Adeniyi, the NCS remains committed to fair trade practices, transparency, and effective revenue collection, he added.
Credit: NAN (Text Excluding Headline)
